About Parkway Bank
Parkway Bank and Trust Co. is a locally owned and operated financial institution that’s committed to growth and consistently offering the best in customer service, financial products, and services. Since first opening our doors in 1964, Parkway Bank and Trust Co. continues to be a community leader in banking.
Since its inception, Parkway Bank and Trust Co. has continued to maintain a strong presence in its communities through donations, volunteer work, and education. Although we’ve expanded to now include 32 branches, servicing several communities across both Illinois and Arizona, our commitment to our founding mission remains stronger than ever.
Stand Out Service and Services
When it comes to delivering you value at every touch point, our strategy is two-fold: provide state-of-the-art banking products backed by the kind of personalized, one-on-one service only offered at a bank that’s as rooted in the communities as Parkway Bank is proud to be. A few of these value-added services include:
- Kasasa® - Reward yourself with free checking and savings, plus perks. On top of no monthly service fee and refunds on ATM fees nationwide*, Kasasa checking accounts offer different perks like really high interest, cash back, and even money for music, movies, apps and more! Plus, Kasasa Saver® provides an innovative way to save money while also saving time and effort.
- Customized Lending – However large or small, Parkway Bank wants to help our customers reach all of their goals. Whether it’s for commercial real estate or your first car, we work closely to find a budget-friendly solution that works uniquely for you.
- Time-Saving Services – We understand that your time is valuable. That’s why we offer a variety of account management tools that keep you on top of your finances without cutting into your time.
- Education – We want our customers to feel confident and secure in their financial decisions at every stage of their lives. That’s why we offer a variety of educational resources and security information to keep you always informed.
Parkway Bank’s History
In 1964, Parkway Bank & Trust Co. opened its doors to the northwest Chicagoland community, offering full-service financial products and truly personal, customer-oriented service.
By 1970 our communities were prospering with beautiful homes, excellent schools and flourishing local businesses. Parkway's financial strength became more apparent with the birth of its second bank, First State Bank of Chicago.
To serve the growing northwest suburban communities, Parkway Bank of Schaumburg opened in 1989, followed by Parkway Bank of Illinois (Carpentersville) in 1992. One year later, Parkway Bank of Schaumburg began operation of its Elk Grove facility and the pattern of growth expanded west with a network of banking facilities throughout the northwest Chicagoland area.
In August 1997, Parkway Bank & Trust Co. acquired Jefferson State Bank. This merger brought Parkway's assets to over $900 million. In the ensuing years, we continued to grow in the Chicagoland area.
In 2004, Parkway Bank purchased United Arizona Bank in Cave Creek, which expanded our footprint to the Phoenix, AZ area.
Our Arizona development has included the addition of seven more Phoenix-area branches, with the latest opening on Union Hills Drive in Phoenix in February, 2009.
Our newest Illinois offices were opened in 2010 in Carol Stream and in the West Loop at Morgan and Washington.
Currently Parkway Bank & Trust Co. has 32 locations in Illinois and Arizona and over $2.5 billion in assets. Our corporate headquarters are located in Harwood Heights. 2019 marks our 55th anniversary serving our local communities.